HOA Embezzler Gets 90 Days

Yet another HOA embezzler got a tap on the wrist this week, after pleading guilty to forty counts of stealing from his neighbors.

Robert Dwyane Wood stole an undetermined amount of money from the treasury of the Cabbagetown Initiative Community Development Corporation, a homeowners association in Atlanta. Much of the stolen money came from funds raised to help victims of the 2008 Atlanta tornado. Victims of the tornado never received the money that was donated on their behalf.

Wood was formerly the president of the Homeowner Association.

In addition to 90 days in jail, Wood was ordered to make restitution in the amount of 78,000 dollars.  That’s the amount of money that could be documented as being stolen. But other HOA leaders say they suspect that far more money was taken, but they couldn’t prove Wood stole additional funds.

http://www.ajc.com/news/atlanta/former-cabbagetown-president-sentenced-1248434.html

Ward Lucas
Author of
Neighbors At War: The Creepy Case Against Your Homeowners Association

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About

Ward Lucas is a longtime investigative journalist and television news anchor. He has won more than 70 national and regional awards for Excellence in Journalism, Creative Writing and community involvement. His new book, "Neighbors At War: the Creepy Case Against Your Homeowners Association," is now available for purchase. In it, he discusses the American homeowners association movement, from its racist origins, to its transformation into a lucrative money machine for the nation's legal industry. From scams to outright violence to foreclosures and neighborhood collapses across the country, the reader will find this book enormously compelling and a necessary read for every homeowner. Knowledge is self-defense. No homeowner contemplating life in an HOA should neglect reading this book. No HOA board officer should overlook this examination of the pitfalls in HOA management. And no lawyer representing either side in an HOA dispute should gloss over what homeowners are saying or believing about the lawsuit industry.

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